PADGETT UNIT
PADGETT UNIT is a Texas oil lease in Runnels County, Railroad Commission district 7C, operated by Woodygreen Resources, LP. It has 2 wellbores on file with the Commission. Reported production runs from October 2007 to August 2026, totalling 5,510 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $54K, with roughly $10K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 12 barrels a month, about 6 per wellbore. Its strongest month on the record we hold was June 2016, at 119 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about PADGETT UNIT
- Who operates PADGETT UNIT?
- PADGETT UNIT is operated by Woodygreen Resources, LP, Railroad Commission of Texas operator number 940450.
- Where is PADGETT UNIT?
- PADGETT UNIT is a Texas oil lease in Runnels County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 16750.
- Is PADGETT UNIT still producing?
- PADGETT UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PADGETT UNIT is August 2026.
- How much has PADGETT UNIT produced?
- PADGETT UNIT has reported 5,510 barrels of oil (bbl) to the Railroad Commission of Texas between October 2007 and August 2026, from 2 wellbores.
- How much is PADGETT UNIT worth?
- The remaining production from PADGETT UNIT is estimated to be worth about $54K in total as of 26 August 2026, within a range of $30K to $78K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PADGETT UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PADGETT UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PADGETT UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PADGETT UNIT generate in a year?
- PADGETT UNIT is forecast to net about $10K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PADGETT UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Woodygreen Resources, LP |
|---|---|
| Field | Ksum (Upper Caps) |
| County | Runnels County, Texas |
| RRC district | 7C |
| Lease number | 16750 |
| Wellbores | 2 |
| Reported production | 5,510 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $54K |
Where PADGETT UNIT sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.